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INTERNAL FINANCE
(2.1..1)
What is Internal Finance
(2.1.1)
What are the Pros and Cons of Internal Finance
(2.1.1)
EXTERNAL FINANCE
(2.1.2)
What is External Finance and name 3 examples.
(2.1,2)
What are the Pros and Cons of External Finance
(2.1.2)
LIABILITY
(2.1.3)
What is Limited Liability
(2.1.3)
What is Unlimited Liability
(2.1.3)
PLANNING
(2.1.4)
What is a Business Plan
(2.1.4)
What is a Cash Flow Forecast
(2.1.4)
What are Cash Inflows
(2.1.4)
What are Cash Outflows
(2.1.4)
What is Net Cash Flow
(2.1.4)
What is Solvency
(2.1.4)
SALES FORECASTING
(2.2.1)
What is Sales Forecasting
(2.2.1)
What are the Pros of Sales Forecasting
(2.2.1)
What are the Cons of Sales Forecasting
(2.2.1)
What are the Factors affecting sales forecasts
(2.2.1)
SALES, REVENUE AND COSTS
(2.2.2)
What is the formula for Sales Volume
(2.2.2)
What is the formula for Sales Revenue
(2.2.2)
What is a Fixed Cost
(2.2.2)
What is a Variable Cost
(2.2.2)
What is a semi-variable cost
What is the 'total cost'
BREAKEVEN
(2.2.3)
What is Breakeven
What is Breakeven output
What is the breakeven point
What is the formula for Breakeven
What is the formula for contribution
What is the margin of safety
BUDGETS
(2.2.4)
What is a budget
Name 3 purposes of a budget
What is a zero-based budget
What is a variance
What is variance analysis
PROFIT
(2.3.1)
What are the three types of profit
What is gross profit and what is the formula
What is gross profit margin and what is
the formula
What is operating profit and what is the formula
What is the operating profit margin and what is the formula
What is net profit and what is the formula
What is net profit margin and what is the formula
Name 2 ways in which a company can become more profitable
LIQUIDITY
(2.3.2)
What is liquidity
What is Acid Test Ratio
What is current ratio
BUSINESS FAILURE
(2.3.3)
Name 3 internal causes of business failure
Name 3 external causes of business failure
PRODUCTION, PRODUCTIVITY AND EFFICIENCY
(2.4.1)
What is batch production
What is cell production
What is flow production
What is job production
What is lean production
Name 3 factors that affect productivity
Name 3 factors that affect efficiency
What is Kaizen
CAPACITY UTILISATION
(2.4.2)
What is capacity utilisation and what is the formula
Name 2 ways in which capacity utilisation can be improved
STOCK CONTROL
(2.4.3)
Name 3 factors that influence stock levels
What are buffer stocks
Name 3 implications of poor stock control
What is JIT stock control and name 1 pro and 1 con
QUALITY MANAGEMENT
(2.4.4)
What is quality control
What is Quality Assurance
What is Total Quality Management
LEGISLATION
(2.5.2)
Name 3 ways how consumer legislation affects businesses
Name 3 ways how employment legislation affects businesses
Name 3 ways how environmental legislation affects businesses
THE COMPETITIVE ENVIRONMENT
(2.5.3)
Name 3 things that determine competitiveness
Name 3 ways that competitiveness can affect businesses
